Comments by "" (@tomk3732) on "Global News" channel.

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  47.  De G  Well, we can see today that it is not correct view - we see that a lot of countries - including China have reached quite high levels. You have a theory that was correct in colonial times when world economy could be compared to a balloon - if you pinched it in the right spot you got far bigger share then others - if no one were to pinch it all would be poor (vs some very poor and some rich) - this is how British Empire functioned. However, we are not longer in so much of scarcity of resources phase - i.e. our economies are mostly services with tiny pinch of manufacturing - with exception of say Saudi Arabia and Australia our wealth can be limitless and unbound by some limited resource. India brought the issue on themselves with some poorly calculated moves - they wanted Goa - a small Portuguese colony in India. Instead of waiting few years they decided to have a little tiny war. This gave China legitimate reason to settle border dispute in their region also by force & win another war with India. To this day India and China have disputes in the region - as does a lot of others. India is behind China a LOT - its people are far less educated, it has archaic systems of governance and its democracy is quite flawed. Being both in India and China I can guarantee that India will be one of the last countries on Earth to reach prosperity - many countries in Africa if they control birth rate will beat them. As for China thinking the world is going to remain the same - I think that is more US thinking then Chinese - China is very future and change oriented - they are building more railways and highways then the rest of the planet combined. They invest heavily in latest technologies and education. I do not see China limiting some technology at all - I do see US trying all sorts of sanctions to limit spread of technology - for example US coerced with sanctions EU to not export latest chips to Hauwei. All this did was for China to invest even more to jump the gate and within few years it will have capacity to produce all latest chips for its phones (it does 10% currently) - give it few years and it will exceed technologically its competitors. Then we see whatever they will limit technology - so far I see only US doing limiting. I doubt 3D printing is as magical as you think - it is just another process - additive - similar to current common processes which are subtractive. I.e. 3D printing just wastes less material and in some cases it is cheaper and faster. It does not fundamentally remove anything from the manufacturing process - its just another tool. The problem with manufacturing in say Canada is not luck of some magic but luck of people / machinery / investment / high pay to even contemplate competing with China. Let me put it this way, when I make a part out of steel the material to make the part + energy + cutting costs etc. is roughly in line with the cost of the part in China mainland. I.e. in your 3D world, the cost for 3D printer in Canada to make widget X will be roughly the same in material cost as ready made good in China or maybe even on eBay. With current shipping rates in Canada there is NO WAY you can compete 1:1 with China - it costs at least 3x as much to mail it in Canada then China to Canada. So even with no profit and no wages we cannot compete. Let that sink in.
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